- Michael Saylor predicts Bitcoin will hit $13 million per coin by 2045
- Saylor urges investors to adopt a “triple maxi” strategy by investing all assets into Bitcoin to maximize wealth
- According to Saylor, Bitcoin is “immortal, immutable, and immaterial” unlike physical assets which are subject to entropy
Michael Saylor, the outspoken co-founder of business intelligence company MicroStrategy, predicted Bitcoin would reach $13 million per coin by 2045 during a mega-bullish keynote speech on July 26 at the Bitcoin 2024 conference in Nashville, Tennessee.
Saylor Forecasts $13M Bitcoin as Base Case
Saylor’s forecast, which upgrades his $10 million estimate in June, is only a base case. According to Saylor, it could be a $3 million bear case, it could be a $49 million bull case. He urged listeners at the event to become “triple maxi” Bitcoin bulls.
Saylor explained that triple maxi bulls should finance their house for Bitcoin, buy Bitcoin, flip all their assets to Bitcoin, and then move to a cheap tax jurisdiction where they can avoid some taxes and invest an extra $50,000 in Bitcoin. According to Saylor’s calculations, this strategy could earn a net worth of around $214 million by 2045. He recommends a similar strategy for corporations and nation-states.
Bitcoin Is Immortal and the Solution to Economic Dilution
For Saylor, all physical capital – everything from stocks and bonds to Ferraris and Miami Beach real estate – is subject to the laws of thermodynamics, including entropy, or energy’s tendency to dissipate over time.
“Entropy is diluting the value of physical assets. It’s sucking the capital, the energy out of them,” Saylor explained. Even in a best-case scenario, like the United Kingdom’s Crown Estate which has been held by the Royal Family since 1066, physical assets might last 1000 years but probably only about 50 to 75 years at most, he said. “There’s a reason it’s called Earth and not Heaven.”
Bitcoin is the exception, Saylor noted. Bitcoin is immortal, immutable, and immaterial, and it is the solution to our economic dilemma, according to Saylor. He added that cryptocurrency is not in the physical world and has an infinite lifespan.
MicroStrategy Holds Over 200,000 BTC
MicroStrategy is one of the world’s largest public holders of Bitcoin. As of June 2022, it held a total of 226,331 BTC acquired for roughly $8.33 billion at an average price of $36,798 per coin.
Conclusion
Saylor remains an extremely bullish advocate for Bitcoin, urging investors to go “all in” on the cryptocurrency to maximize returns over the coming decades. His $13 million per coin prediction for 2045 is one of the most optimistic forecasts for Bitcoin’s future price trajectory.
